HUATIE(SH:603300) Zheng Quan Shi Bao Wang·2025-10-13 09:49Core Viewpoint - Hainan Huatie is facing a breach of contract issue involving 3.69 billion yuan, but the major shareholder, Hainan Haikong Industrial Investment Co., plans to increase its stake to stabilize investor confidence and support the stock price [1][2]. Group 1: Company Developments - Hainan Huatie announced a plan to repurchase shares worth between 100 million yuan and 200 million yuan over a six-month period starting from October 14, 2025, to enhance investor confidence and stabilize the stock price [1]. - The company previously signed a 5-year contract with Hangzhou X Company for a total of 3.69 billion yuan for providing computing power services, which was expected to significantly boost its revenue and profitability [2][3]. - Following the announcement of the contract termination, Hainan Huatie's stock price experienced a significant decline, with three consecutive trading halts [3]. Group 2: Market Reaction - After the announcement of the share repurchase plan by Hainan Haikong, Hainan Huatie's stock price rebounded, showing an increase of approximately 3.95% with a trading volume of 3.43 billion yuan [4]. - The abrupt cancellation of the contract led to investor panic, resulting in a sharp drop in stock price, despite the subsequent support from major shareholders [3][4].